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Rewards Manager

Motor Insurers’ Bureau

Milton Keynes

Hybrid

GBP 50,000 - 70,000

Full time

30+ days ago

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Job summary

A leading insurance nonprofit in Milton Keynes seeks a Reward Partner to lead the operational rollout of their pay and reward strategy. This permanent position offers hybrid working and requires extensive experience in reward strategies and data analysis. Ideal candidates will have a strong analytical mindset and the ability to collaborate across teams. The role comes with various employee benefits aimed at enhancing employee satisfaction and performance.

Benefits

Contributory Group Stakeholder Personal pension scheme

Life Assurance

Employee Incentive Scheme

Sports and Social Club

24/7 Employee Assistance Programme

Free access to online health tools

Enhanced maternity, paternity and adoption leave

1 volunteer day each year

Responsibilities

Lead the operational rollout of pay, reward, incentive, and recognition mix.
Own the entire annual reward cycle, ensuring compliance and fairness.
Support the People Partnering team with pay awards and grade validation.
Drive the delivery of fair pay practices with stakeholders.

Skills

Experience in maintaining, executing, reviewing and improving pay, grading and reward strategies and cycles

Data proficiency with MS Office applications, particularly MS Excel/powerBI

High level of numeracy and analytical mindset

Ability to persuade, influence and negotiate at a senior level

Excellent planning, organisation and communication skills

Curious, human-centred approach

Strong client-facing experience

Experience in managing budgets and partnerships with internal and external providers

Ability to manage and participate in numerous projects

Be among the first 25 applicants

Motor Insurers' Bureau (MIB) provided pay range

This range is provided by Motor Insurers' Bureau (MIB). Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

Direct message the job poster from Motor Insurers' Bureau (MIB)

*** REWARD PARTNER ***

About MIB

At MIB our people are passionate about making roads safer by getting uninsured and hit-and-run drivers off our roads. Working in partnership with the Police, Insurers and Government our collective aim is to make it a thing of the past but, until that’s accomplished, we’re here to compensate victims quickly, fairly and compassionately.

Last year we helped more than 34,000 people struck by uninsured and hit-and-run drivers and paid over £400 million in compensation to support victims rebuild their lives.

About the role

We’re looking for a Reward Partner to lead the operational rollout of our refreshed pay, reward, incentive, and recognition mix – ensuring MIB attracts, retains, and grows the best talent to deliver our strategic ambition.

In this pivotal role, you’ll take ownership of the entire annual reward cycle, from timelines and governance to manager guidance and communications. If you’re passionate about creating impactful reward strategies that drive engagement and performance, this is your chance to make a real difference.

Key responsibilities

Act as Reward SME for annual salary review/incentive cycle.
Lead the operational rollout of the revised pay, reward, incentive and recognition mix; including developing tools, guidance and training materials.
Ensure pay, reward, and incentivisation principles, processes, grading guidance, and governance are user-friendly, legally compliant, and delivered fairly.
Own the end to end delivery of Remuneration and Nomination Committee (REMCO) requirements (papers, data packs, action tracking); working with people operations, data, finance, and people partner teams as required.
Supporting the CPO in REMCO meetings where needed.
Oversee the delivery of fair and consistent pay practices in collaboration with the People Partnering team, People Operations and Finance.
Support the People Partnering team with out-of-cycle pay awards and validation of gradings.
Ensure pay changes are administered on time and legally through the People Operations team.
Benchmarking pay, rewards, and employee bonus systems for new, existing, or changing roles.
Preparing benchmarking submissions for salary surveys.
Ensure MIB has a compelling employee benefits package aligned with our Employee Value Proposition.
Incorporate regulatory requirements into pay, benchmarking, grading, and performance systems.
Fulfil reporting obligations for example on gender pay, ethnicity pay, national living wage, real living wage, and national minimum wage.
Act as people representative on the pensions governance committee.
Keep subject matter expertise up to date.
Undertake supplier selection, contract renewal process and supplier reviews supported by the Procurement Team.

Skills and Experience

Experience in maintaining, executing, reviewing and improving pay, grading and reward strategies and cycles
Demonstrable experience of working with data and a high level of proficiency with MS Office applications, in particular MS Excel/powerBI
A high level of numeracy and an analytical mindset
Ability to persuade, influence and negotiate at a senior level
Excellent planning, organisation and written/verbal communication skills
A curious, human-centred approach
Strong client facing experience and a strong ability and desire to collaborate across organisation boundaries and with the wider People Team
Experience of managing budgets and managing partnerships with internal and external providers including benchmarking partners
Ability to manage and participate in numerous projects, delivering a consistently high standard while acting with pace and delivering results

Job Title: Reward Partner

Grade: 13

Working Hours: 35

Working Pattern: 9am - 5pm Monday - Friday

Office Location: Milton Keynes (hybrid working)

Job Type: Permanent

IT kit supplied to you

£320 (before tax) start up allowance

Hybrid working (2 days in the office per week) from our Milton Keynes office, MK14

Other Benefits include:

Contributory Group Stakeholder Personal pension scheme
Life Assurance
Employee Incentive Scheme
Sports and Social Club
24/7 Employee Assistance Programme
Free access to online tools to support mental and physical health
Enhanced maternity, paternity and adoption leave
1 volunteer day each year and charity matched funding scheme

We believe in a workplace where everyone can be themselves. Through our different ideas, personalities and experiences, we redefine what is possible every day. And regardless of your colour, age, race, gender, sexual orientation or anything else you consider yourself to be, there is a place for you at MIB. A place where you can bring your best self to work every day.

So, if you think big, love a challenge and want to make a difference to people’s lives, we want to hear from you.

Seniority level